QUESTION 5 Assume the following facts. Parent owns 80% of Subsidiary. The table summarizes select information for the current year. Parent Subsidiary $ 100,000 $ 60,000 Net income on separate records. *Parent net income does NOT include equity in income of Subsidiary. Shares of common stock outstanding throughout the year Dividends paid on common stock Convertible bonds Convertible preferred stock 30,000 $ 5,000 10,000 $ 3,000 none none none none There are no intercompany transactions or adjustments required as a result of the acquisition. 1. What is consolidated net income for the current year? 2. What is consolidated net income attributable to the parent for the current year? Compute Basic EPS as it would appear on the consolidated income statement for the current year. 3. What is the numerator in your computation? (Just the final amount, not the work.) 4. What is the denominator in your computation ? (Just the final amount, not the work.) Do not include any words or punctuation in your answers. Each answer is just a single amount